poLight ASA –Issuance of new shares under over-allotment option
Reference is made to the stock exchange notice issued on 31 October 2018 regarding the end of the stabilisation period during which ABG Sundal Collier ASA ("ABGSC") has undertaken certain stabilisation activities in respect of the shares in poLight ASA (the "Company"), and an exercise by ABGSC of an over-allotment option to subscribe for 93,781 new shares at a subscription price corresponding to the subscription price in the Company's initial public offering (i.e. NOK 50 per new share).
Following the exercise by ABGSC of the over-allotment option, the Company's Board of Directors has resolved to increase the Company's share capital with NOK 18,756.20 through issuance of 93,781 new shares. The new shares will be issued and delivered to ABGSC as soon as practically possible.
Eivind Bergsmyr, Chairman of poLight, +47 920 99 010
Øyvind Isaksen, CEO of poLight, + 47 908 76 398
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About poLight ASA
poLight has developed a new autofocus lens which "replicates" the human eye for use in mobile devices and other applications with integrated cameras. poLight’s TLens® is ready for introduction in the smartphone camera module market, offering considerable benefits such as extremely fast focus, compact xy-dimension (i.e. small footprint), no electromagnetic interference, low power consumption and constant field of view. poLight is based in Horten, Norway, with offices in Finland, France and China and representation in Taiwan and Korea.
For more information visit www.polight.com.